Home / Knowledge / News / Textiles / Chinese textile maker HOdo eyes expansion in Cambodia
Chinese textile maker HOdo eyes expansion in Cambodia
26
Oct '12
China based textile and garment conglomerate, HOdo Group Co Ltd, which sells garments under its personalized HOdo label, is looking forward to boost its presence in Southern Cambodia’s Sihanoukville province.
 
As reported by China Daily, Zhou Haijiang, President of the privately-owned HOdo Group said, since 2007, the company has invested robustly towards establishment of Sihanoukville Special Economic Zone in Cambodia’s Prey Nob district. The total investment in the project is likely to reach US$ 320 million, he said.
 
The zone, a fully operational business park, now covers an area of 3 sq km, and is expected to span on a total area of 11 sq km, upon completion. 23 firms, including eight overseas firms have already occupied spaces in the zone, Mr. Haijiang said.
 
Once completed, the zone is expected to generate 150,000 employment opportunities in the Southeast Asian nation over the next few years, he added.
 
The Jiangsu province’s Wuxi based HOdo Group has continued to achieve a double-digit revenue growth since 2008, with its earnings reaching 35.1 billion yuan or US$ 5.6 billion during last year, Mr. Haijiang said.
 
The company’s move is a reverberation of the country’s plea to ‘go global’ and the park is one of the nine economic zones being established by Chinese firms in foreign countries, he said.
 
Low costs, positive trade conditions and the huge market of the Association of Southeast Asian Nations are some of the factors that favour the construction of the economic zone in Cambodia. 
 
Unlike China, Cambodia allows free cotton imports, without any quota restrictions, which allows garment firms to cut on their raw material costs.
 

Fibre2fashion News Desk - China

Must ReadView All

Apparel/Garments | On 28th May 2017

Over 45% US retailers to use AI in next 3 years: Report

Over 45 per cent retailers in the US plan to utilise artificial...

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Apparel/Garments | On 28th May 2017

Naked Brand, Bendon sign agreement to reorganise

Naked Brand Group, a fashion and lifestyle brand, and Bendon Limited, ...

Interviews View All

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search